Page 27 - வழக்கறிஞர் ஜநரல் மைக் வேட்டைக்காரன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Oklahoma, Farmers Insurance Reach $25M Settlement Over Earthquake Claims
claimsjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from claimsjournal.com Daily Mail and Mail on Sunday newspapers.
Cherokee Nation AG: Congress must allow state-tribe compacts
sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
Oklahoma AG Agrees To Settlement With Farmers Insurance Over Earthquake Claims
newson6.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newson6.com Daily Mail and Mail on Sunday newspapers.
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Necessary
(Courthouse News photo/Amanda Pampuro)
OKLAHOMA CITY (CN) Home insurer Farmers Insurance will pay $25 million to settle allegations it underpaid or denied over 1,000 earthquake damage claims relating to a spike in seismic activity in the wake of fracking in the Woodford Shale.
Oklahoma Attorney General Mike Hunter and Oklahoma Insurance Commissioner Glen Mulready, both Republicans, announced the deal Monday. They say Farmers “overwhelmingly denied” the claims filed after the increase in earthquakes began in 2013.
“In certain cases, Farmers justified denial of coverage based on its claim that the damage to the insureds’ property was not caused by an earthquake and/or predated the seismic activity,” their six-page complaint filed April 1 states. “However, Farmers, in most instances, had not conducted inspections of the property prior to issuing the earthquake policy to support such denial of coverage. In other cases, Farmers utilized inadequately trained claims adjuste